Lenziejag Posted June 29, 2019 Report Share Posted June 29, 2019 8 hours ago, jagfox said: Well that’s my understanding that the takeover would see us being a feeder club by way of blooding loan players for an other team or teams in their portfolio. What’s your understanding on that point? How can you possibly understand that is what will happen, when there has been no statement from either party. Not only that, it doesn’t seem that Barnsley are being used as a feeder club to Nice. 2 Quote Link to comment Share on other sites More sharing options...
jagfox Posted June 29, 2019 Report Share Posted June 29, 2019 (edited) 2 hours ago, Lenziejag said: How can you possibly understand that is what will happen, when there has been no statement from either party. Not only that, it doesn’t seem that Barnsley are being used as a feeder club to Nice. Calm down, Just speculation like this whole take over talk which is becoming tedious. I'm beginning to sway to the side of better the Devils you know... Edited June 29, 2019 by jagfox Quote Link to comment Share on other sites More sharing options...
ARu-Strathbungo Posted June 29, 2019 Report Share Posted June 29, 2019 (edited) Just a thought …. the most recent talk of a take-over of PTFC was 20th / 21st June, since then I have seen no further word of this rumour either online or in newsprint. So has this episode simply been no more than rumour that grew arms and legs? Edited June 29, 2019 by ARu-Strathbungo Quote Link to comment Share on other sites More sharing options...
Firhillista Posted June 29, 2019 Report Share Posted June 29, 2019 4 minutes ago, ARu-Strathbungo said: Just a thought …. the most recent talk of a take-over of PTFC was 20th / 21st June, since then I have seen no further word of this rumour either online or in newsprint. So has this episode simply been no more than rumour that grew arms and legs? If it's no more than a baseless rumour, why hasn't the club denied it? The silence from Firhill only makes sense if there's something going on. Quote Link to comment Share on other sites More sharing options...
Jordanhill Jag Posted June 29, 2019 Report Share Posted June 29, 2019 3 hours ago, Lenziejag said: Now, I am totally confused. On another thread, you were banging on about how a trip to Tenerife was funded and if it was external funding(ie Colin Weir) then we don’t have a sustainable set up. Now you are saying that in the past it was ok for Directors to put their hand in their pocket when things got a bit tight ? The difference is that in any Company Directors have to make up any shortfall in Funding - "hoping" Colin Weir provides funding on an "ad hoc" basis isn't a recognisable scenario in any business Quote Link to comment Share on other sites More sharing options...
scotty Posted June 29, 2019 Report Share Posted June 29, 2019 55 minutes ago, Firhillista said: If it's no more than a baseless rumour, why hasn't the club denied it? The silence from Firhill only makes sense if there's something going on. Or maybe there's nothing going on to comment on. Quote Link to comment Share on other sites More sharing options...
Dick Dastardly Posted June 29, 2019 Report Share Posted June 29, 2019 But why doesn’t the club deny everything that isn’t happening 1 Quote Link to comment Share on other sites More sharing options...
West of Scotland Posted June 29, 2019 Report Share Posted June 29, 2019 I'd like the club to deny these rumours I've heard from very good sources: Marcello Lippi is going to quit managing the Chinese national team for us Firhill is going to be sold and a new ten-thousand seat stadium will be built in Milngavie To attract an international fanbase the club will be renamed Universal Thistle If they don't we can all be assured they will happen. Quote Link to comment Share on other sites More sharing options...
Dick Dastardly Posted June 29, 2019 Report Share Posted June 29, 2019 I heard a rumour that the centre circle at firhill is being dug up to create a missile silo for North Korea 1 Quote Link to comment Share on other sites More sharing options...
Lenziejag Posted June 29, 2019 Report Share Posted June 29, 2019 4 hours ago, jagfox said: Calm down, Just speculation like this whole take over talk which is becoming tedious. I'm beginning to sway to the side of better the Devils you know... Of course it is all speculation, but your post was written in a way that suggested there was some information out there which gives your view some sort of credence. Quote Link to comment Share on other sites More sharing options...
lady-isobel-barnett Posted June 29, 2019 Report Share Posted June 29, 2019 3 hours ago, Dick Dastardly said: I heard a rumour that the centre circle at firhill is being dug up to create a missile silo for North Korea Well there's a few on here who paid good money towards that centre circle. 1 Quote Link to comment Share on other sites More sharing options...
Lenziejag Posted June 29, 2019 Report Share Posted June 29, 2019 4 hours ago, Jordanhill Jag said: The difference is that in any Company Directors have to make up any shortfall in Funding - "hoping" Colin Weir provides funding on an "ad hoc" basis isn't a recognisable scenario in any business Don’t think this is true. Directors are responsible for ensuring that the business is a going concern. 1 Quote Link to comment Share on other sites More sharing options...
javeajag Posted June 29, 2019 Report Share Posted June 29, 2019 So why does the club choose to respond to some rumours but not others ? It’s also funny that some people who say the club should respond to rumours not long ago were asking them to do just that ! It doesnt even need the club to do anything .... Alan Cowan or Tom Hughes could just send a one liner saying nothing happening here move on Quote Link to comment Share on other sites More sharing options...
scotty Posted June 29, 2019 Report Share Posted June 29, 2019 4 minutes ago, javeajag said: So why does the club choose to respond to some rumours but not others ? It’s also funny that some people who say the club should respond to rumours not long ago were asking them to do just that ! It doesnt even need the club to do anything .... Alan Cowan or Tom Hughes could just send a one liner saying nothing happening here move on Or maybe even say that" it's business as usual". Quote Link to comment Share on other sites More sharing options...
BowenBoys Posted June 29, 2019 Report Share Posted June 29, 2019 If there was no truth to this takeover rumour, I believe that the club would have made a statement to that effect when the story appeared in the press. Therefore, I think there is truth in it. If negotiation between 6 shareholders and a third party is, or was, happening I would imagine it could be quite complicated. The third party won't want to commit to any individual purchase until they are sure they will get all six. The individual shareholders won't want to commit until they are sure of getting the best price. This could take some time and may be, or have been, unsuccessful. If negotiations don't yet, or didn't, involve the club, I'm not sure what they could say. Until a take-over bid is successful, it is demonstrably business as usual. The players are playing, the manager is managing and the trialists are...erm...trying. Until there is something definitive to say, I'm believe the club will remain silent. We may never hear anything. But don't worry, we'll have football to bicker about soon. Quote Link to comment Share on other sites More sharing options...
Lenziejag Posted June 29, 2019 Report Share Posted June 29, 2019 2 hours ago, scotty said: Or maybe even say that" it's business as usual". Which a spokesperson did on the 1st day the rumour emerged Quote Link to comment Share on other sites More sharing options...
ARu-Strathbungo Posted June 29, 2019 Report Share Posted June 29, 2019 I get the feeling the board look upon the 37 pages [and counting] of this subject on the forum as fans just 'bumping their gums'. If they made a statement now, perhaps there would be another 10 pages discussing why it took so long to clarify the situation? Quote Link to comment Share on other sites More sharing options...
ChiThistle Posted June 29, 2019 Report Share Posted June 29, 2019 Reflecting upon the title of this thread, the more intriguing question for me always has been “Aim for the stars or know your place?” My track record of supporting clubs of any sport is something like: 85% of seasons are duds 14.9% of seasons made significant progress toward “glory” 0.1% of seasons actually captured said “glory” So while I don’t go into it expecting to get kicked in the nuts 85% of the time, that’s what happens. Thistle is unique to all other clubs/teams I support. So if you’re stuck in neutral as we have often been, simply fighting to exist, it’s hard for me to be fearful of change. I guess with regard to club leadership and ownership, almost any change that gets us out of neutral is good in my eyes. Succeed or fail, at least we tried. But I often wonder if it’s all foolish - to envision a day when we are Premier League mainstays and Firhill is closer to packed than not. If that’s not the goal, what’s it all for? 2 Quote Link to comment Share on other sites More sharing options...
Third Lanark Posted June 29, 2019 Report Share Posted June 29, 2019 (edited) . Edited June 30, 2019 by Third Lanark Quote Link to comment Share on other sites More sharing options...
jaf Posted June 29, 2019 Report Share Posted June 29, 2019 30 minutes ago, Third Lanark said: I would say the current board take far more criticism than previous boards. cowan and Hughes left us needing to sell Gary Harkins and Marc twaddle to stop us going bust under their watch. Despite the desperate financial trouble we were in at this time Eddie Prentice seemed it appropriate to be paid £35,000 for ‘part time’ work at this time. This trio of incompetents got a far far easier time of it than the current incumbents. it is noted that these 3 are among the shareholders rumoured to be selling to Chien Lee. The same shareholders we are told by some who have Thistle at heart. This trio make any blunders committed by the current incumbents almost tame by comparison. i truly am astonished at how lightly the trio got off compared to the criticisms (some justified) aimed at the current incumbents Think that they did get a hard time on forums, etc at the time - I certainly was! The fundamental difference is they put cash in when it was needed ; they maybe made mistakes - what board doesn't? - but they started from a position of credit; the current incumbents don't have the benefit of that credit. Quote Link to comment Share on other sites More sharing options...
Jordanhill Jag Posted June 29, 2019 Report Share Posted June 29, 2019 1 hour ago, jaf said: Think that they did get a hard time on forums, etc at the time - I certainly was! The fundamental difference is they put cash in when it was needed ; they maybe made mistakes - what board doesn't? - but they started from a position of credit; the current incumbents don't have the benefit of that credit. Without them during STJ there would be No Thistle so agreed they had built up a lot of Credit and they were long term Thistle Fans ( still are ) Quote Link to comment Share on other sites More sharing options...
Guest Posted June 30, 2019 Report Share Posted June 30, 2019 On 6/28/2019 at 10:34 PM, Jordanhill Jag said: First - I think most people in Business Know its tough out there - so Im sympathetic to any Business thats making a loss etc - puts a lot of pressure on the owners But if your Running a Business that has lost Money - couple of things - surely that should be your Focus ? Small Football Clubs are time consuming ? Plus small Football Clubs are very difficult to manage financially - it takes a lot of skill and experience of managing budgets- and running what I can only describe as an Austerity Type Budget regards Non Football Matters - if your going to break even Last Year we got the Parachute & EUFA Money ( £850K ) - this Year bit of Parachute & some Liam Lindsay Money - but these are one offs - unplanned so to speak - my concern is underlying trends on things like Crowd Numbers -and big Cash Generators It was noticeable that the End of Season Ball which used to be a sell out and was Major Fundraiser - circa £70K Clear Profit - was merged with the Player of the Year Dinner Now BOTH of these used to sell out - the End of Season Ball sold out even when we were previously in the Championship - so that tells us something Therefore my concern is that there seems to be signs of a downward trend in revenue generators eg Bums on Seats - Large Events - could be wrong - just looking and comparing Therefore we really do need people with the experience and contacts that can generate revenue - one other point - in the past if cash was tight Directors Chipped in with a Directors Fee - you need people on your Board that can afford to do that - ignoring the rights & wrongs - small Clubs can run into cashflow issues - bad fixture list - bad Weather- even getting revenue forecasts wrong - and sometimes that means short term funding Its ok to manage in the Premier with decent cash input - managing budgets in the Championship is a different beast - and apart from Ian Dodds we have no one with that experience For me in a Small Football Club its always about the Money - balancing budgets is key !! A sound reasonable post jj. You can be a right royal pain in the archie at times but this is very to the point. I also have great sympathy for people running businesses in the present climate. Not everyone can juggle running their own company and running a not for personal profit, a football club. I too share concerns if the viability of the present season to season, short termist vision model currently adopted. There seems to long term plan which is a must for a club of our size and which on reflection brown mcmaster/JO and DB did very well Quote Link to comment Share on other sites More sharing options...
Firhillista Posted June 30, 2019 Report Share Posted June 30, 2019 Ineos boss Jim Ratcliffe makes the front page of L'Equipe as he continues his sports spending splash with the acquisition of French football club OGC Nice, 7th in this year's Ligue 1 https://t.co/jq8y5Fah4f Will this impact on the negotiations for Thistle? If they're happening. Quote Link to comment Share on other sites More sharing options...
jagfox Posted June 30, 2019 Report Share Posted June 30, 2019 More money to invest in football clubs? I can't see it derailing any plans for this investment consortium. That's for sure! Quote Link to comment Share on other sites More sharing options...
ARu-Strathbungo Posted June 30, 2019 Report Share Posted June 30, 2019 I had a look at the P&B forum this morning, in the 2019 / 2020 championship predictor, the betting shops have us finishing 3rd or 4th behind the two Dundee teams, is that not some cause for optimism? Quote Link to comment Share on other sites More sharing options...
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